STANDARD SYSTEMS FOR TAX
HMRC INTRODUCE STANDARD SYSTEMS FOR TAX
COMPLIANCE CHECKS
Every year HMRC checks if people's tax is correct. From 1 April there will be one system across our main taxes:
- to obtain information about your tax
- to inspect your business records
- for the records you need to keep
- for the amount of time you have to make tax claims
- for the amount of time we have to make tax assessments
Find out more about the new compliance checks.
PENALTIES & INACCURACIES
During its checks HMRC may find mistakes or inaccuracies in your tax returns or other tax documents.
But if you take reasonable care to get your tax right you will not be penalised even if you do make a mistake.
Find out how you can take care to avoid a penalty.
WHAT CAN YOU DO IF YOU DISAGREE WITH HMRC DECISIONS
From 1 April 2009 the existing tax tribunals will be replaced by the Tax Chamber. HMRC will also offer our customers the option of an internal review of tax decisions that can be appealed, with the aim of resolving issues as quickly as possible.
Find out how you can appeal our decisions (PDF 60K).
KEEPING RECORDS
Keeping accurate and up to date records is essential to provide you with information about how your business is performing, to obtain finance, and to prepare accurate tax returns.
FOREST ACCOUNTING LIMITED offers a range of Bookkeeping and Accountancy services to assist with record keeping helping you to meet your specific tax needs and tax obligations:
If you prefer to undertake the record keeping yourself we can provide you with the software and guidance you will need.
TAXES, NATIONAL INSURANCE & STAMP TAXES
